article thumbnail

Only as Good as Your Data: Why Supply Chain Digital Twins Require Real-Time Data Unification

ToolsGroup

A digital twin would give every decision-making team a better understanding of how to handle that new ship-from-store policy and help manage fulfillment through multiple and varied channels. This would increase efficiency, lowering inventory and logistics costs while still meeting customer demand.

article thumbnail

De Minimis Value: Your Essential Guide to International Trade Regulations

ShipBob

This concept plays a crucial role in global shipping and customs, significantly impacting ecommerce businesses and consumers who purchase products internationally. For businesses involved in cross-border ecommerce, understanding the de minimis threshold is vital for calculating the total cost of shipping goods internationally.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Week in Logistics News (March 16 – 22)

Logistics Viewpoints

If Intel meets performance targets in the deal, it’ll be eligible for $8.5 Over that period, many ships have been forced to take longer, more costly routes, all while the ongoing crisis in the Red Sea has complicated a crucial alternative to the Panama Canal.

article thumbnail

Cracking the Code for AI in the DC

Logistics Viewpoints

The warehouse automation market is forecasted to grow at a CAGR of approximately 14% and be worth USD 30 billion by 2026. The priority of each pick based on shipping deadlines can compete with travel minimization and also evolves in its level of importance throughout the day. AI holds the promise for big gains. Dynamic Slotting.

DC 256
article thumbnail

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Industry professionals have put in tireless hours and taken strategic measures to keep the supply chain moving and meet customer demand. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P.

article thumbnail

This Week in Logistics News (April 24 – 30)

Logistics Viewpoints

Applications are due by July 2021, with the program looking to reduce deforestation between 2022 and 2026. FedEx and Adobe are teaming up to offer this help, announcing a deal aimed at helping retailers meet e-commerce demand by sharing data across digital sales and distribution networks.

article thumbnail

Key Trends and Themes for Supply Chain and Logistics in 2024

SCMDOJO

In that case, you can unlock new efficiencies, meet the non-stop rising customer expectations, and future-proof your operations. billion by 2026. For example, a brick-and-mortar retailer might use its physical stores as mini-distribution centers, fulfilling online orders from in-store inventory to reduce shipping times and costs.